IT-QRHOE-TP2: Qualified Rural Hospital Organization Expense Tax Credit Computation (2024)
Georgia · Georgia DOR · Used for tax years 2024
Georgia Form IT-QRHOE-TP2 computes the Qualified Rural Hospital Organization Expense Tax Credit. It reports amounts spent and approved, along with the applicable income or tax liability limits used to calculate the credit allowed, and is attached to the taxpayer’s income tax retu
Who files this form
Taxpayers claiming the qualified rural hospital organization expense tax credit use Form IT-QRHOE-TP2 to compute the credit and attach it to their income tax return.
The form has separate sections for:
- Individuals.
- Individuals who are LLC members, S corporation shareholders, or partners in a partnership.
- Corporations, fiduciary taxpayers, and S corporations or partnerships that elect to pay tax at the entity level.
This form is the last step in the credit process.
What you'll need
Have the information and forms requested for your applicable section:
- Your name or entity name, taxpayer identification number, and tax year ending date.
- The total amount expended and the approved amount.
- For Section A, the Form IT-QRHOE-TP1 returned by the Department showing your pre-approved amount.
- For Section B, Georgia income from the taxpayer-selected pass-through entities.
- For Section C, your tax liability.
The form also asks whether you received Form IT-QRHOE-RHO1 from the rural hospital organization.
How to file
- Enter your taxpayer information and select the applicable taxpayer type.
- Complete either Section A, B, or C, as applicable, to compute your credit.
- Enter the credit allowed on the appropriate income tax form.
- Attach Form IT-QRHOE-TP2 to your income tax return when you file it.
The supplied form does not provide a mailing address or e-filing directions.
Common mistakes
- Not adding back a federal deduction. If you deducted the amount from federal income, the form says you must add it back to Georgia income. Otherwise, the credit cannot be claimed.
- Designating the amount for a particular individual. The form says the credit cannot be claimed if you did this.
- Forgetting the attachment. The form directs you to enter the allowed credit on the appropriate income tax form and attach Form IT-QRHOE-TP2.
Questions people ask
What is Form IT-QRHOE-TP2 used for?
It computes the qualified rural hospital organization expense tax credit. It is the last step in the credit process and is attached to your income tax return.
Do I complete all three calculation sections?
No. The form directs you to fill in either A, B, or C, depending on your taxpayer type.
How is the tentative credit calculated in Section A?
Use the smaller of the total amount expended and the pre-approved amount from the Form IT-QRHOE-TP1 returned by the Department. This is the tentative credit before the income tax liability limitation.
What percentage limitation applies in Section C?
Section C lists a 5% limitation. Multiply your tax liability by 5%, then use the smallest of the total amount expended, the total amount approved, or that calculation as the credit allowed.